UPLEVERED DEAL ROOM SIMULATION
Calder Industrial Supply | Free preview v0.3

All companies, people, records, correspondence, figures and transaction
events in this case are independently created fiction. No actual deal
materials or private archive data are included. Keep the extracted files
together so the relative document links continue to work.

Allow approximately 35-45 minutes; this estimate is not yet validated with
target learners. Excel is optional in the interactive version.

YOUR ROLE
Act as an acquisition lead reporting to capital partners. Searchers can
treat Marcus as the lead investor; junior professionals can treat him as
the investment partner. The case uses an investor-backed acquisition.
If you plan to operate Calder, name one unverified owner-operator
condition, such as management transition or operating-role cost.

1. INITIAL SCREEN / MARCH 2, 2026
Read the seller brief (01), investment mandate (02) and management
accounts (04). Complete Initial view in calder-learner.xlsx using Source
financials. Propose a price and conditions. Record the recommendation
before reading the later documents. The asking price is not your mandate.
Use the yellow opening-rationale cell to cite a source and state the
condition that matters most.

2. EXCLUSIVE DILIGENCE / APRIL 13, 2026
The case then advances to a fixed scenario: an LOI was signed March 20 at
$23.400m EV, regardless of your first recommendation. Read supplier terms
(03), AP/statement/credit/journal evidence (05), and correspondence (06).
Use Rebate support and Diligence update. Reconcile the records, choose
the accounting treatment, revise the price/funding analysis, and fill
all five sections of Investment update. Preserve your initial work.
Cite the specific source clause resolving the dispute. Prioritize two or
three open request IDs and explain how each could change your decision.

3. SELF-REVIEW
After both decisions, open solution.html and calder-solution.xlsx.
Compare your calculations and evidence trail, then compare your five-part
update with the model update. Re-trade, pause and pass can be defensible;
the sources constrain the calculation, not one mandatory bid.
Self-review: check source/units/cutoff, earnings and funding calculations,
the exact contractual clause, a decision within authority, and two or
three prioritized requests with decision consequences. A searcher should
also test the owner-operator condition. This is self-review, not personal
grading.

UNITS AND CHECKS
Detailed schedules use USD thousands. The underwriting work uses USD
millions: divide $000 source amounts by 1,000. Enter money to three
decimals; tolerance is +/- $0.0005m. Multiples allow +/- 0.005x.

INTERACTIVE VERSION
https://uplevered.com/deal-room/preview/
The free online exercise checks
the opening numbers immediately after they are locked, releases the next
decision, explains common calculation errors, and creates a copyable
decision record. Answers remain in this browser tab's session storage.

The printable HTML documents also open directly in a browser. This free
sample uses an honor-system release order: later evidence and solutions
are included in the same ZIP. It is not a protected paid-case delivery.